Risk Factors Update Summary
- Net patient service revenues increased from $9 billion to $10 billion in 2023.
- Managed care net inpatient revenue increased by 6% from 81% to 86% in 2023.
- Recorded impairment charges decreased from $94 million to $43 million, and restructuring charges decreased from $118 million to $79 million in 2023.
- The percentage of net accounts receivable due from managed care payers increased from 66% to 68%.
- Interest expense decreased from 38% to 36% of operating income in 2023.
- Interest expense was $890 million in 2022 and $901 million in 2023, representing 36% of operating income.
- Total long-term debt decreased from approximately $15.079 billion to $15.002 billion in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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